YES Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on July 19, 2025_21st Annual General Meeting of the Bank scheduled to be held on Thursday, August 21, 2025.
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Yes Bank's Board of Directors, at a meeting held on July 19, 2025, approved the notice for the 21st Annual General Meeting scheduled for August 21, 2025. The AGM notice includes two key fund-raising proposals for shareholder approval. The first proposal seeks approval to raise up to INR 7,500 crores through eligible equity securities, with total dilution capped at 10%. The second proposal seeks approval to raise up to INR 8,500 crores through eligible debt securities in Indian or foreign currency, in one or more tranches, also subject to a 10% dilution cap. Combined, the bank is looking to raise up to INR 16,000 crores, subject to regulatory and statutory approvals.
The proposed fund raise of up to INR 16,000 crores (combining equity and debt) could lead to equity dilution of up to 10%, which may weigh on existing shareholders. For the stock, this signals a major capital infusion plan, which could strengthen the bank's balance sheet but may also cause short-term dilution concerns. Shareholders will vote on these proposals at the AGM on August 21, 2025.